Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The time it takes for a ferry to reach a summer resort from the mainland is Normally distributed with mean 2 hours and standard deviation

The time it takes for a ferry to reach a summer resort from the mainland is Normally distributed with mean 2 hours and standard deviation 12 minutes.

A) If 9 trips are randomly selected, what is the probability that between 4 and 7, inclusive, will take between 1 hour 45 minutes and 2 hours 15 minutes?

B)What should be the advertised duration of the trip (in minutes) if the ferry management does not want to be late on more than 5% of the trips but would like to minimize the advertised duration?

C)The company operating the ferry would like to increase its operational efficiency by reducing the standard deviation so that they areon time95% of the time. How much do they have to reduce the standard deviation?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Probability and Random Processes With Applications to Signal Processing and Communications

Authors: Scott Miller, Donald Childers

2nd edition

123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814

More Books

Students also viewed these Mathematics questions